Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Diversified Energy confirms early talks to buy Birch Resources

Fri 14 Aug 2026 08:03

(Sharecast News) - Diversified Energy confirmed on Friday that it has had preliminary discussions about a possible acquisition of oil and gas company Birch Resources. Talks are ongoing and remain at an early stage and no agreement has been reached, it said.

It added that there is no certainty any transaction will occur, nor as to the terms on which any transaction might proceed.

"Diversified has an acquisition strategy driven by discipline, focus, skill, and precision," it said. "The company has made 35 acquisitions totalling over $7 billion of value since its IPO in 2017. Acquisitions are a core aspect of the company's strategy, and the company regularly engages in preliminary discussions with potential counterparties in this regard."

The statement came after Bloomberg reported that Diversified was in advanced talks to buy Elliott Investment Management-backed Birch for more than $1.7bn in cash.

See latest RNS on Investegate

Share this article

Related Sharecast Articles

Fri 11 Sep 2026 14:22
Citi hikes Victrex price target after guidance upgrade
(Sharecast News) - Citi hiked its price target on Victrex on Friday to 1,000p from 700p as it updated its model following the company's FY26 pre-close trading update.
Fri 11 Sep 2026 13:44
Jefferies upgrades Halma, XP Power and Renishaw
(Sharecast News) - Jefferies upgraded Halma, XP Power and Renishaw on Friday as it took a look at diversified industrials.
Fri 11 Sep 2026 07:47
C&C to take over wholesale arm of Asahi UK, shares jump
(Sharecast News) - Irish drinks manufacturer C&C Group has acquired the UK wholesale businesses of Asahi and entered into a long-term business partnership with the Japanese brewing giant, causing the London-listed stock to jump on Friday.
Fri 11 Sep 2026 07:30
Supermarket Income REIT buys six grocery assets for £104m
(Sharecast News) - Supermarket Income REIT said on Friday that it has acquired six grocery assets for £104m, completing the deployment of proceeds from its £100m equity raise in July.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Awards

Award 1
Award 2
Award 3

Policies and important information

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Statutory and Regulatory disclosures | Whistleblowing programme

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026